AIG named Douglas M. Steenland as the insurers seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to CEO last year.

Radian CEO S.A. Ibrahim said the mortgage insurer is poised to expand after its first profitable year since 2006.

American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company.

Windstorms Mike and Niklas, which swept across Europe last month, probably cost insurers more than $1 billion.

Endurance Specialty Holdings agreed to buy Montpelier Re for about $1.83 billion in cash and stock months after abandoning a hostile bid for another Bermuda-based insurance company.

Marsh & McLennan said the brother of the CEO at its flagship unit was paid $1.07 million for his last full year with the company.

American International Group Inc.s Steve Miller plans to relinquish his position as chairman of the insurers board, according to a person familiar with the matter.

Progressive said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits.